Binance confirmed affected accounts in France Spain Italy and Poland will close on December 31 2026 after the MiCA transition period ended . The root cause is exactly what you said. Binance withdrew its Greek MiCA application in June and has not secured authorization in any EU member state . France's AMF confirmed Binance France's registration became invalid on July 2 . Deposits are already blocked but withdrawals remain open .
What you missed:
Starting November 29 Binance will charge a monthly fee of 0.025% of remaining crypto balances or 10 USDC whichever is higher . For small holders this is brutal. A user with 100 USDC pays 10 USDC which is 10% of their balance . Two deductions are scheduled one after November 29 and another after December 24 . If the balance is below the fee Binance may take the entire remaining amount . Accounts with assets left after December 31 will be treated as inactive and assets may be converted or transferred .
Binance also withdrew its Greek application back in June and still has not announced which EU country it will apply to next . As of early November Binance still does not appear on ESMA's register of authorized crypto service providers .
$JCT $AIOT $GNS
#Binance #MiCA #Crypto #EU
What you missed:
Starting November 29 Binance will charge a monthly fee of 0.025% of remaining crypto balances or 10 USDC whichever is higher . For small holders this is brutal. A user with 100 USDC pays 10 USDC which is 10% of their balance . Two deductions are scheduled one after November 29 and another after December 24 . If the balance is below the fee Binance may take the entire remaining amount . Accounts with assets left after December 31 will be treated as inactive and assets may be converted or transferred .
Binance also withdrew its Greek application back in June and still has not announced which EU country it will apply to next . As of early November Binance still does not appear on ESMA's register of authorized crypto service providers .
$JCT $AIOT $GNS
#Binance #MiCA #Crypto #EU
